What is required to start a business?

While going through this TAP class I have also had a few classes on what it takes to start your own business. This is what I am the most interested in learning about before I get put of the navy. I’m not sure when that will happen yet but I’m hoping to be able to roll directly from the navy into working for myself instead of having to go find a new job working for someone else.

The basic steps u have so far for starting a business are:
1. Figure out the business idea, name, etc. The basics of what the plan is.
2. Start working on a business plan. A business plan is required to get a loan, find investors, hire employees, and really helps in laying down a path to being successful.
3. Setup a task list of all he things needed in order to get from the idea stage to making a profit.
4. Setup a financial plan including taxes, payroll, manufacturing, distribution,